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U.S. Department of Justice
Global Hacking And Money Laundering Gang Taken Down By Authorities
17th May 2019 | Written by:
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
Justice Department Brief Offers Little Comfort To Payment Processors In Wire Act Case
29th Apr 2019 | Written by:
Payment processors for U.S. lotteries must stay in “wait and see” mode after a recent brief from the Department of Justice offered little clarity for providers grappling with the confusion around...
U.S. Sanctions Purge Continues With Second $1bn Fine
16th Apr 2019 | Written by:
Less than one week after fining Standard Chartered $1.1bn over failures in its sanctions and anti-money laundering controls, U.S. authorities have hit another European bank, UniCredit, with an even...
US: Justice Department Publishes White Paper on CLOUD Act
11th Apr 2019 | Written by:
On April 10, 2019, the Department of Justice published a white paper titled “Promoting Public Safety, Privacy, and the Rule of Law Around the World: The Purpose and Impact of the CLOUD Act”. The...
Standard Chartered To Pay $1.1bn Over AML, Sanctions Failings
10th Apr 2019 | Written by:
Banking giant Standard Chartered will pay a total of $1.1bn in fines to United States and UK authorities after allegations it failed to properly apply anti-money laundering (AML) and sanctions...
U.S. Financial Institutions Still Wary Of Banking Marijuana Businesses
8th Feb 2019 | Written by:
in Washington, D.C.
U.S. marijuana companies were expected to generate as much as $10bn in retail sales last year, a figure that is only going to increase as more states consider legalizing recreational marijuana.
Payment Processors Not Panicked By Wire Act Opinion
7th Feb 2019 | Written by:
in Washington, D.C.
There is still support to process payments in the regulated U.S. online gambling market, despite the uncertainty created by the U.S. Department of Justice’s (DOJ) revised opinion on the Wire Act,...
New Jersey Seeks White House Communications Over Wire Act U-Turn
6th Feb 2019 | Written by:
New Jersey Attorney General Gurbir Grewal has demanded information on last month’s Department of Justice shock decision to reverse a 2011 opinion on the application of the federal Wire Act to...
Bank Fraud, Money Laundering Alleged As U.S. Takes Aim At Huawei
29th Jan 2019 | Written by:
The U.S. Justice Department's newly filed criminal charges against Chinese technology giant Huawei Technologies include allegations the company engaged in bank fraud and money laundering to...
U.S. Wire Act Opinion Clouds European Expansion Plans
18th Jan 2019 | Written by:
A new U.S. Department of Justice opinion on the Wire Act adds “a lot more confusion” for online gambling dealmakers and European companies eager to expand into the U.S. market, experts have said.
U.S. Processors Face Wire Act Dilemma After Online Gambling U-Turn
17th Jan 2019 | Written by:
Payment providers serving the U.S. online gambling market face legal uncertainty after a decision by the Department of Justice to reverse a 2011 opinion on the application of the federal Wire Act.
Casinos, Card Rooms In Sights Of U.S. AML Regulators
20th Dec 2018 | Written by:
A former official with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is confident the casino industry understands the obligations of preventing money laundering,...
Société Générale Hit With $1.34bn Fine For U.S. Sanctions Violations
20th Nov 2018 | Written by:
Banking giant Société Générale has been handed the U.S.’ second largest-ever fine for “willful violations” of international sanctions, devising systems to facilitate illicit fund transfers worth...
Sessions' Resignation Not Necessarily A Cure For Legal Cannabis De-Risking
16th Nov 2018 | Written by:
Experts are unconvinced that the recent resignation of anti-marijuana hardliner Jeff Sessions as U.S. Attorney General is good news for legal cannabis businesses and the payment providers seeking...
MoneyGram Pays $125m Penalty After Missing AML, Fraud Targets
9th Nov 2018 | Written by:
MoneyGram will forfeit $125m for violating the terms of a 2012 settlement with the U.S. Federal Trade Commission and the Department of Justice concerning alleged anti-money laundering and counter...
Danske Bank Faces US Investigation Over Illicit Russian Money
5th Oct 2018 | Written by:
Danske Bank is set to face criminal investigation in the United States, as the Department of Justice has formally requested information from the Danish bank in connection with the flow of illicit...
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